Burberry Becomes First Luxury Brand To Suffer Chinese Backlash Over Xinjiang
Burberry has lost a Chinese brand ambassador and its hallmark tartan design was scrubbed from a popular video game, becoming…
Month: March 2021
Japan Approves Bill To Oversee Land Deals Near Defence Bases, Border Islands
Japan’s cabinet approved on Friday a bill that will tighten oversight of land deals and land use near military facilities…
BOJ Forms Panel To Help Guide Central Bank Digital Currency Experiment
Set to begin experimenting in how to operate a central bank digital currency, the Bank of Japan said on Friday…
Forex, Border Control Soar Prices Of Fairly Used Cars`
The prices of fairly used cars known as ‘Tokumbo’ have skyrocketed due to tight border control and soaring exchange rates.…
Indian Farmers Squat On Railway Tracks To Mark Four Months Of Protests
Dozens of farmers squatted on railway tracks in northern India on Friday, disrupting traffic to mark four months of a…
Suez Blockage Sets Shipping Rates Racing, Oil And Gas Tankers Diverted Away
Reeling from the blockage in the Suez Canal, shipping rates for oil product tankers have nearly doubled this week, and…
Yemen’s Houthis Say Launched Attacks On Saudi Arabian Oil, Military Sites
Yemen’s Houthi forces on Friday said they launched attacks on Thursday on Saudi Arabia targeting facilities owned by state-owned oil…
UK Retail Sales Rise 2.1% In February
British retail sales rose by 2.1% in February from January even as non-essential shops remained in a coronavirus lockdowns, official…
Deutsche Bank CEO Willing To Give Up Investment Bank Oversight Role
Christian Sewing, chief executive officer of Deutsche Bank, is willing to give up his role overseeing the investment bank in…
Bitcoin Tumbles 7%, Pushing It Near $50,000 Threshold As Retail-Investor Interest Wanes
Bitcoin fell on Thursday by as much as 6.7%, to $50,440.17, as retail-investor interest slipped and the options market triggered…
China’s Yuan Dips As Dollar Draws Strength From Recovery Hopes
The yuan dipped to a two-week low on Thursday as brighter U.S. economic prospects continue to bolster the dollar, chipping…
Africa Is Ripe With Enough Innovation To Finance Its Future
If anything would increase a country’s chances of attaining economic independence, it is financial inclusion. With access to financial products and…
CBN Disburses N1.487tr To Boost Food Security
The Central Bank of Nigeria (CBN) has disbursed N1.487 trillion under its various agricultural programmes to boost food security. Its…
Nigeria’s Crackdown On Bitcoin Echoes Global Crypto Conundrum
Lagos, Nigeria – When the Central Bank of Nigeria (CBN) issued a circular in early February warning banks and financial institutions…
NCDC Announces 96 New COVID-19 Infections Nationwide
The Nigeria Centre for Disease Control announced 96 new cases of COVID-19 late on Wednesday, bringing the total number of…
NFT Artwork By Humanoid Robot Sells At Auction For Nearly $700,000
A digital artwork by humanoid robot Sophia was sold at auction on Thursday for $688,888 in the form of a…
Exporters Fault Cargo Suspension At Lagos Ports
Nigerian exporters have expressed their disappointment with the Nigerian Ports Authority’s temporary suspension of export at the Lagos Ports Complex…
European Fashion Stocks Hit By China Xinjiang Row
Shares of European fashion brands Adidas, Inditex and H&M fell on Thursday as they faced a storm of criticism on…
Vaxcyte Asks Chairman Slaoui To Resign After GSK Harassment Allegation
U.S. vaccine developer Vaxcyte Inc on Thursday asked board chairman Moncef Slaoui to step down, a day after GlaxoSmithKline dismissed…
NAICOM Moves To Enforce Compulsory Insurance Of Public Buildings
To drive the enforcement of the compulsory insurance of public buildings across the country, The National Insurance Commission (NAICOM) in…
Aig-Imoukhuede Seeks Insurance Revolution
Former Chief Executive Officer of Access Bank, Aigboje Aig-Imoukhuede, has emphasised the need to focus on and grow other segments…
ECB Seeks To Allay German Misgivings About Digital Euro
The European Central Bank sought on Thursday to allay misgivings in Germany about the launch of a digital euro, saying…
Boohoo Cuts Number Of UK Suppliers
British online fashion retailer Boohoo on Thursday revealed a major consolidation in its supplier base as it published a full…
UK Card Payments Recover Towards Pre-COVID Levels: ONS
Spending on credit and debit cards during the week to March 18 stood at 81% of its February 2020 pre-lockdown…
Stocks Sluggish, Dollar Near Four-Month Highs As Risk Appetite Wanes
Global equities languished close to two-week lows on Thursday, while the dollar cruised to near a four-month high against the…
MTN Nigeria Unveils Customer Engagement Platform
MTN Nigeria has unveiled a new unified customer engagement platform, EnGauge, designed to enable small-to-medium enterprise business owners seamlessly administer…
Deutsche Telekom, Slovak Unit Lose Appeal Against EU Antitrust Fine
Deutsche Telekom and its Slovak unit on Thursday lost their fight against an antitrust fine levied nearly a decade ago…
Nigeria: Devastating Floods Loom, NIHSA Warns Govt, Citizens
The Nigeria Hydrological Services Agency on Wednesday advised the three tiers of government and citizens across the country to prepare…
Hong Kong Tells Foreign Governments To Stop Accepting Special British Passport
The Hong Kong government has told some foreign consulates to stop accepting a British travel document that many of its…
Bill Gates Says World Should Be Back To Normal By End-2022 Due To Vaccines
The world should be back to normal by the end of 2022 thanks to COVID-19 vaccines, Bill Gates said in…